How Much Money Should I Take on Holiday to Hong Kong?

How Much Money Should I Take on Holiday to Hong Kong?

With its striking architecture, delicious food, fascinating culture, and traditions, Hong Kong is one of Asia’s most popular tourist destinations.

It’s also one of the best places to spend a fortune, but it doesn’t have to. Compared to its neighbours, Hong Kong is on the pricey side, but most daily expenses are affordable if you learn to travel wisely.

If you’re wondering ’How much money should I take on holiday to Hong Kong?’’ then you’ve already made up your mind about traveling to this Asian gem.

But establishing a budget can be hard.

In all fairness, £100 per person per day would probably suffice anyone, but you can do cheaper than this. Nonetheless, allow a budget of about £750 per week to make sure you won’t run out of money.

Holiday ClassEstimated Amount Needed Per Day (Per Person)
Budget£100 Per Day
Mid-range£280 Per Day
High-end£650 Per Day
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Let’s break down your expenses to see exactly what you can expect from Hong Kong money-wise and how much you should bring on your Asian holiday.

Accommodation

Backpackers traveling on a tiny budget can book a bed in a hotel dorm for as little as £6, but this type of accommodation is not for everyone. Not in Hong Kong, anyway. You’ll have a hard time finding a decent hostel for just a few pounds, and you may be safer booking a modest room at a hotel.

A double room at a 3-star hotel close to the center of the city usually starts at about £40 and can go up to £100. Here are also 5-star hotels which you can book for about £150 per night, but more luxurious options can cost you up to £400 per night.

You can also search for an apartment on Airbnb. Hong Kongers like fine things, and you’ll find many gorgeous condos to rent here. You can book a studio for an average £50.

Food and Drinks

Travelers staying in hostels or Airbnb could use the kitchen to cook their own food, but who cooks their food in Asia? One of the many reasons you’d want to visit Hong Kong is to try their tasty traditional dishes.

Food prices vary widely, but anyone can eat a decent meal here regardless of their budget. A traditional dish plus a drink can cost only £4 if you’re not too picky about where you eat. Sadly, street food stalls are disappearing, so take advantage of their food before they’re gone!

Nonetheless, spending £20 per day for food is more than doable! Simply consider that a dinner for two is about £9 with drinks included!

If food stalls and mid-range restaurants do not offer the culinary experience you’re looking for, there are plenty of Michelin star restaurants you can visit.

However, be prepared to spend about £100 per person for dinner. But you’ll be surprised to know that you can also eat a meal for just £2 at the world’s cheapest Michelin star restaurant in the world – Tim Ho Wan. Be prepared to queue, though!

The cost of alcohol in Hong Kong is about the same as in the UK. A beer in a decent pub costs about £3 while. All in all, you’ll probably spend less than £10 per day on alcoholic beverages unless you do a lot of partying.

Transportation

Public transport in Hong Kong is really cheap. The MTR trains cover a large part of the city and there are also buses if you want to reach other areas. There’s also the tram which costs about 20p. The ferry costs about the same. You can also purchase an Octopus Card that can be used on all form of public transportation, including the Airport Express train, for less than £4.

Attractions and Activities

Many of Hong Kong’s popular attractions are free: temples, parks, beaches, and the Victoria Peak. Many of the city’s museums are government-funded, which means you’ll be paying as little as 85p for a ticket. Some of the most notable museums include the Hong Kong Museum of History and the Hong Kong

Heritage Museum

While you can simply walk the stairs to the Big Buddha statue, some visitors choose to ride a gondola up top. A ticket for the standard cabin is about £98 while a ride in a crystal cabin costs about £136.

If you’re traveling with kids, they’ll surely enjoy spending the day at the Ocean Park. This aquatic theme park also hosts panda bears, penguins, seals, and dolphins. Adults pay about £46 each while kids are charged half.

It’s not the cheapest attraction in Hong Kong, but it’s definitely worth it if you want to enjoy yourself and also see a bit of wildlife inside this cosmopolitan territory.

Before you leave, visit the Tai O fishing village, also known as the Venice of Hong Kong. It’s one of the few places where you can still find stilt houses, and it’s a great place to try traditional snacks. The village can be reached by bus from the Big Buddha, so you’ll be spending close to nothing to get there.

Shopping

Many tourists visiting Hong Kong like take advantage of the growing tech market and no sales tax that allows sellers to offer electronics way cheaper than you’d find in the UK. But make sure to shop from well-established store chains to avoid scams.

You can also find cheap clothing and accessories in Hong Kong if you come across outlet stores selling popular American brands and luxury labels for affordable prices. Step inside Horizon Plaza in Ap Lei Chau for some of the best deals of your life!

As for souvenirs, they can be as cheap as £1 if you’re not looking for anything special, but you could also spend over £100 on products made of natural fabrics or materials. If you’re shopping from a local market, you can try negotiating to maybe get a good bargain.

Wrapping Up

Visiting Hong Kong can be as cheap or expensive as you want it to be. Once airfare is out of the way, all you need to think about is how much you’ll be spending on accommodation, food, traveling, and admission tickets to your favourite attractions. So bring at least £750 for a week’s worth of travel for the essentials and go higher if you also want to do some shopping.

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